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How is Oikocredit contributing to transparency of the microfinance industry?

Oikocredit has actively facilitated many industry-wide initiatives which promote transparency and ensure the microfinance industry maintains its social mission. Oikocredit offers financial and technical support to those MFIs that want to persue social assessment tool.

These include:

• Client Protection Principles: Oikocredit was one of the first microfinance investors to sign on to the Client Protection Principles. The principles are designed to create consistent practices and policies for the fair financing industry as a whole. Read more about the Client Protection Principles.
• Social Scorecard: Oikocredit is implementing a screening process for MFIs that includes an analysis of how they serve their clients (social scorecard). The process is based on ESG (Environment, Social and Governance) principles.
• MFTransparency: In October 2008, Oikocredit signed the MFTransparency agreement which signifies our commitment to making the communications between Oikocredit and our consumers (MFIs) more transparent. MFTransparency exposes the prices of financial products per country.
• Social audit: It is important to evaluate our own actions as a microfinance investor. Oikocredit has looked beyond the performance of the microfinance institutions. Last year, Oikocredit was the first private financier to be audited on its own social performance.
• Progress out of Poverty Index^TM: To assist MFIs to assess the poverty level of its clients, Oikocredit very actively supports the implementation of the Progress out of Poverty Index as is developed by Grameen Foundation.
• Imp-Act consortium: Oikocredit has signed on as the newest member of the Imp-Act consortium. The move provides an opportunity to learn, network and contribute to social performance management in the microfinance industry. Read more about the Imp-Act consortium.

Investment possibilities depend on the legal and regulatory situation for your country. The answers to the questions below are subject to laws in the country in which the offers are made. For more information, click here.

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